According to the latest developments in the CZ and Binance case, Christy Goldsmith Romero, a commissioner of the US Commodity Futures Trading Commission (CFTC), stated that there are no "pirate ships" in the US market, and that "contacting US customers is a privilege, not a right". The CFTC plans to continue actively investigating cryptocurrency exchanges that violate trade laws and will not tolerate behavior that may circumvent KYC rules, including only requiring users to prove they are not in the US in a pop-up prompt box. CFTC Commissioner Caroline D. Pham stated in another statement that the CFTC's jurisdiction has no borders, and the CFTC will not stop its investigation of non-US entities. (Business Insider)

Caroline Pham of the US Commodity Futures Trading Commission (CFTC) stated that in addition to fines against Binance and CZ, if the proposed settlement plan is approved by the judge, Binance's former chief compliance officer Samuel Lim will also pay a fine of $1.5 million. This is the first time that the CFTC has held a compliance executive personally responsible.

Dan M. Berkovitz, former SEC general counsel and CFTC commissioner, stated in an interview that it is necessary to further revise securities or commodity laws related to the regulation of the cryptocurrency market. Existing commodity and securities laws are sufficient to regulate derivative and securities markets. These laws are flexible enough to adapt to new technologies such as cryptocurrency and blockchain trading assets. Berkovitz does not believe that there is a "difference" between the CFTC and SEC in regulating digital assets. The former SEC general counsel claims that Congress urgently needs to provide additional powers for non-security digital assets in the spot market, and the coordination between the CFTC and SEC on cryptocurrency issues is the same as the coordination on other overlapping issues. These two agencies do not always have the same views on issues, and considering their respective jurisdictions, it is normal for there to be some differences, but I do not think that any such differences in cryptocurrency will rise to the level of a "crack".

According to the leader of the Commodity Futures Trading Commission (CFTC), their agency needs to take warnings about cryptocurrencies seriously and call for rules to regulate the field. Two Democratic CFTC commissioners, Christy Goldsmith Romero and Kristin Johnson, have been pushing the agency to issue rules or guidance over the past week to address conflicts of interest in cryptocurrencies and protect consumers. Johnson said at a meeting at the Atlanta Federal Reserve Bank on Monday that the failures of FTX, Binance, Celsius, and Voyager show the need to protect customers by isolating and protecting their deposits. Therefore, the CFTC should "immediately develop regulations on asset custody," Johnson said, adding that rules for managing cryptocurrencies could be issued in the coming weeks. Johnson said, "The CFTC has a way to strengthen protection of customer assets through rules that isolate or separate customer property. These rules simply say that you cannot mix company funds with customer proprietary funds." (The Block)

Rostin Behnam, chairman of the US Commodity Futures Trading Commission (CFTC), stated that after nearly a year since the collapse of the cryptocurrency exchange FTX (resulting in billions of dollars in losses for customers), "nothing has changed and we may face another FTX-type event." Behnam believes that Congress needs to develop a roadmap, echoing his comments at last year's Senate Banking Committee hearing. He then stated that the CFTC lacks the power to fully regulate the digital commodity market, and in order to prevent this from happening again, Congress must provide appropriate powers to it.

How exchange-traded funds and futures contracts can reach TradFi and turbocharge the growth of crypto markets.

According to the Commodity Futures Trading Commission (CFTC), in 2023, CFTC filed 47 lawsuits related to digital asset commodity-related behavior, accounting for more than 49% of all lawsuits filed during the same period.

US Commodity Futures Trading Commission (CFTC) is developing a proposal to ensure that more derivative exchanges separate customer funds from company cash. The draft will expand the scope of CFTC's existing regulation to apply to exchanges that allow customers to trade without going through a broker. CFTC Democratic member Kristin Johnson said that the proposal would help prevent FTX from competing for customer funds from its subsidiary LedgerX, which is regulated by CFTC. Kristin Johnson said that the rules requiring customer asset segregation should apply to any company using or seeking a similar direct-to-customer model, regardless of whether they offer crypto products or other types of derivatives. Given events such as the collapse of FTX, CFTC should take immediate action to develop rules to prevent customer funds from being misused or lost.

According to the annual enforcement snapshot released by the US Commodity Futures Trading Commission (CFTC) on Tuesday, the agency filed 47 lawsuits against the cryptocurrency industry in the 2023 fiscal year. Last year, about 20% of CFTC cases involved cryptocurrencies, compared to 49% this year.

The Commodity Futures Trading Commission (CFTC) has reported a record number of cases in the digital asset space, with 47 actions involving conduct related to digital asset commodities resulting in over $4.3 billion in penalties, restitution and disgorgement. The CFTC has cemented its reputation as a premier enforcement agency in the crypto space, according to its statement. The regulator has pursued some of the biggest actions in the space, including charges against collapsed digital asset exchange FTX, Binance and bankrupt crypto lender, and has also settled charges against a number of decentralized finance (DeFi) protocols.